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240607 ||| eng |
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|a 9798400270017
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| 100 |
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|a Alter, Adrian
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| 245 |
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|a Financial Stability in a Higher-for-Longer Interest Rate Environment The Case of the Middle East and North Africa
|c Adrian Alter, Bashar Hlayhel, Thomas Kroen, Thomas Piontek
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2024
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| 300 |
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|a 44 pages
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| 653 |
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|a Credit
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| 653 |
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|a Asset requirements
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| 653 |
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|a Banks
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| 653 |
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|a Capital adequacy requirements
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| 653 |
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|a Finance
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| 653 |
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|a Financial crises
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| 653 |
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|a Banks and banking
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a Mortgages
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| 653 |
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|a Business enterprises
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| 653 |
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|a Money
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Currency crises
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| 653 |
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|a Capital and Ownership Structure
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| 653 |
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|a Financial risk management
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| 653 |
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|a Goodwill
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banking
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| 653 |
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|a Financial Risk and Risk Management
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| 653 |
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|a Financing Policy
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Commercial banks
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial institutions
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| 653 |
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|a Value of Firms
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Economics: General
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Ownership & organization of enterprises
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| 653 |
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|a Corporate Finance and Governance: General
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a Informal sector; Economics
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| 653 |
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|a Economic sectors
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| 653 |
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|a Corporate Finance
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| 653 |
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|a Corporate sector
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| 653 |
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|a Firm Performance: Size, Diversification, and Scope
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Financial regulation and supervision
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Financial services law & regulation
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| 653 |
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|a Finance: General
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| 653 |
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|a Stress testing
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| 700 |
1 |
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|a Hlayhel, Bashar
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| 700 |
1 |
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|a Kroen, Thomas
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| 700 |
1 |
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|a Piontek, Thomas
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9798400270017.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2024/080/001.2024.issue-080-en.xml?cid=546920-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper assesses the state and resilience of corporate and banking sectors in the Middle East and North Africa (MENA) in a “higher-for-longer” interest rate environment using granular micro data to conduct the first cross-country corporate and banking sector stress tests for the MENA region. The results suggest that corporate sector debt at risk may increase sizably from 12 to 30 percent of total corporate debt. Banking systems would be broadly resilient in an adverse scenario featuring higher interest rates, corporate sector stress, and rising liquidity pressures with Tier-1 capital ratios declining by 2.3 percentage points in the Gulf Cooperation Council (GCC) countries and 4.0 percentage points in non-GCC MENA countries. In the cross-section of banks, there are pockets of vulnerabilities as banks with higher ex-ante vulnerabilities and state-owned banks suffer greater losses. While manageable, the capital losses in the adverse scenario could limit lending and adversely impact growth
|